2010 Lotus Exige S260 W/ 2k Miles. Under Warranty on 2040-cars

Auto blog

Lotus Eletre specs, pricing and more detailed for European launch

Lotus revealed the Eletre in full last year, and while details were plentiful back then, the British sports car company has a lot more for us today in the realm of specs and pricing. Unfortunately, we don’t have a full layout of U.S. specs and pricing yet, but we can get a good idea of what to expect by looking at the European-market model. Three different versions will hit the market at launch: Eletre, Eletre S and Eletre R. Performance is the same between the Eletre and Eletre S (the S simply adds more luxury equipment), but the R is a unique, high-performance variant. For starters, the base model and S will have an electric motor on the front and rear axles good for a combined 603 horsepower and 524 pound-feet of torque. Lotus says that will be enough for a 4.5-second 0-62 mph time and a 160-mph top speed. Driving range on the WLTP cycle is estimated to be 373 miles for these versions, but expect that number to be down when EPA estimates come out.  The Eletre R notches performance up by a wide margin. Its pair of electric motors produce a combined 905 horsepower and 726 pound-feet of torque, but thereÂ’s a little more than just more powerful motors going on here. Unlike the single-speed transmission the base models use, the Eletre R uses a two-speed transmission for the rear electric motor and a single-speed transmission on the front axle. Lotus says this allows them to optimize the car for ideal launch performance and to improve range at higher speeds. The shifts themselves are automatic. Lotus says the R is capable of doing the 0-62 mph sprint in just 2.95 seconds, and it has a slightly higher top speed of 165 mph. Despite the two-speed transmission, range still takes a sizable hit down to just 304 miles on the optimistic WLTP cycle. We also learn today that the Eletre will house a 112 kWh lithium-ion battery pack in all versions of the SUV. Lotus says it features a maximum charge speed of 350 kW on a capable DC fast charger, which is quick enough to bring you from 10-80% in just 20 minutes. AC charging maxes out at 22 kW, which would allow you to go from 0-100% on your home charger in just six hours. The last big spec Lotus shared today is curb weight. If you opt for the base model with no options, the Eletre can weigh as little as 5,489 pounds. And yeah, thatÂ’s obviously a wild amount of weight for anything with a Lotus badge on it, but the Eletre R is even heavier at 5,820 pounds.

Lotus sells loads more cars, earns way more money

Sports-car company Lotus has reason to be excited. It released some facts on its sales and financial performance for the 2016 and 2017 fiscal year, and it has seen some impressive improvements. According to the company, it sold nearly 60 percent more cars in mainland Europe compared with the 2015/2016 fiscal year, and it sold six times as many cars in the U.S. compared with that year. This helped it go from a loss of GBP16.3 million for the previous year in earnings before interest, taxes, depreciation and amortization (EBITDA) to a GBP2 million profit EBITDA. The fact that those numbers are given before all those extra expenses is noteworthy, though, as it means the company isn't truly profitable yet, despite major gains. The company did report numbers that only excluded tax, and those show the company still lost money. But the good news is that it lost much, much less money than the year before. Before taxes for the 2015/2016 fiscal year, the company lost GBP41.2 million, and this year, it only lost GBP11.2 million. The company expects it will be profitable before tax in the coming year. So Lotus isn't perfectly healthy yet, but this, combined with Geely's recent acquisition, shows it's well on its way to becoming fit as a fiddle. We like the cars Lotus makes, so we hope that things keep getting better, and that we'll maybe get more Lotus models in the future, beyond just the Evora road car and 3-Eleven track car. Related Video: Featured Gallery 2017 Lotus Evora 400: First Drive View 29 Photos Image Credit: Lotus Earnings/Financials Lotus Coupe Lightweight Vehicles Performance

Lotus will return to its roots with mid-range model due out in 2021

Lotus knows it can't keep manufacturing the Elise, the Exige, and the Evora indefinitely. It will reportedly begin the process of rejuvenating its range in 2021, when it launches a light, driver-friendly sports car named Type 131. British magazine Auto Express learned the Type 131 — an internal designation that won't reach production; Fiat already owns the 131 nameplate — will be deeply and unabashedly rooted in the company's decades-long heritage. It will embrace Lotus founder Colin Chapman's "simplify and add lightness" philosophy thanks in part to a new platform that should be modular enough to underpin other upcoming additions to the firm's range. Coupe and roadster variants of the 131 will be offered, though only one body style might be available at launch. Although Lotus is working on bringing the electric, limited-edition Evija to production, the Type 131 will eschew all forms of electrification in the name of lightness. Power will come exclusively from a gasoline-burning engine, though the report doesn't specify whether it will have four or six cylinders. Our crystal ball tells us it will be a turbocharged and/or supercharged four-cylinder, because the engine will most likely come from Geely (which purchased a controlling stake in Lotus), and there isn't a six-cylinder on its palette of engines. If the report is accurate, Lotus will share official information about the Type 131 in the coming months, and the model will make its debut in the second half of 2021. Interestingly, it will slot neatly between the Exige and the Evora (pictured) rather than replacing one or both. It's too early to tell whether it will be sold in the United States, but every Lotus official Autoblog has spoken to in recent months has stressed America is an important market. On the opposite side of the scale, Lotus is also developing its first SUV. The yet-unnamed model will be built on a platform sourced from within the Geely group (possibly Volvo's CMA architecture), and it will be developed with an emphasis on performance. Enthusiasts will cry foul, but the soft-roader will become the best-selling Lotus. Related Video: